Indian PM calls for G20 unity to resolve geopolitical tensions

STORY: Indian PM calls for G20 unity to resolve geopolitical tensions DATELINE: March 3, 2023 LENGTH: 0:01:35 LOCATION: New Delhi CATEGORY: POLITICS SHOTLIST: 1. various of G20 foreign ministers' meeting 2. SOUNDBITE 1 (English): NARENDRA MODI, Indian Prime Minister 3. various of G20 foreign ministers' meeting 4. SOUNDBITE 2 (English): SUBRAHMANYAM JAISHANKAR, Indian External Affairs Minister STORYLINE: Indian Prime Minister Narendra Modi on Thursday appealed for unity to resolve prevailing geopolitical tensions. He made the remarks at the G20 foreign ministers' meeting held in the Indian capital of New Delhi from Wednesday to Thursday. SOUNDBITE 1 (English): NARENDRA MODI, Indian Prime Minister "You are meeting at a time of big global divisions. As foreign ministers, it is but natural that your discussions are affected by the geopolitical tensions of the day. We all have our positions and perspectives on how this tension should be resolved." As the chair of the meeting, Indian External Affairs Minister

New Zealand hikes rate to 2.50 pct, food prices rise 6.6 pct in June

STORY: New Zealand hikes rate to 2.50 pct, food prices rise 6.6 pct in June DATELINE: July 13, 2022 LENGTH: 0:01:56 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of streets 2. various of a port 3. various of a supermarket STORYLINE: New Zealand's Monetary Policy Committee agreed on Wednesday to increase the Official Cash Rate (OCR) by 50 basis points to 2.50 percent. The Committee noted it remains appropriate to continue to tighten monetary conditions at a pace to maintain price stability and support maximum sustainable employment. It is resolute in its commitment to ensuring consumer price inflation returns to within the 1 to 3 percent target range. The level of global economic activity, combined with the ongoing supply disruptions largely driven by both COVID-19 persistence and the Ukraine crisis, continues to generate global inflation pressures. Food and energy prices are especially affected by geopolitical tension, the committee said in a statement. However, the pace of global